Navigators Group (NAVG) Given Daily News Impact Score of 0.18

Press coverage about Navigators Group (NASDAQ:NAVG) has been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Navigators Group earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 47.9078819414603 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of NASDAQ NAVG opened at $57.80 on Wednesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1,720.28, a PE ratio of 49.83 and a beta of 0.50. Navigators Group has a 52 week low of $45.80 and a 52 week high of $60.35.

Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings data on Thursday, February 15th. The insurance provider reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.22. The business had revenue of $305.10 million for the quarter, compared to analyst estimates of $314.59 million. Navigators Group had a return on equity of 2.85% and a net margin of 3.08%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 EPS. research analysts expect that Navigators Group will post 2.79 earnings per share for the current year.

NAVG has been the subject of several research analyst reports. Zacks Investment Research raised Navigators Group from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Wednesday, January 3rd. BidaskClub raised Navigators Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. Sandler O’Neill downgraded Navigators Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. They noted that the move was a valuation call. Boenning Scattergood reissued a “hold” rating on shares of Navigators Group in a research note on Friday, February 16th. Finally, ValuEngine raised Navigators Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 28th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $57.00.

In other news, insider Carl L. Bach III sold 2,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $56.51, for a total transaction of $113,020.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 22.00% of the company’s stock.

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About Navigators Group

The Navigators Group, Inc, together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. The company operates through the U.S. Insurance, International Insurance, Global Reinsurance, and Corporate segments.

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